Focus Partners Advisor Solutions LLC Lowers Stake in Automatic Data Processing, Inc. $ADP

Focus Partners Advisor Solutions LLC lowered its stake in shares of Automatic Data Processing, Inc. (NASDAQ:ADP) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,567 shares of the business services provider’s stock after selling 1,209 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Automatic Data Processing were worth $3,258,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Curio Wealth LLC increased its position in shares of Automatic Data Processing by 40,900.0% in the 2nd quarter. Curio Wealth LLC now owns 410 shares of the business services provider’s stock valued at $126,000 after acquiring an additional 409 shares during the period. PKO Investment Management Joint Stock Co boosted its stake in shares of Automatic Data Processing by 87.5% during the 2nd quarter. PKO Investment Management Joint Stock Co now owns 15,000 shares of the business services provider’s stock worth $4,626,000 after acquiring an additional 7,000 shares in the last quarter. Pinnacle Wealth Management Group Inc. purchased a new stake in shares of Automatic Data Processing during the 2nd quarter worth about $632,000. Sage Mountain Advisors LLC boosted its stake in shares of Automatic Data Processing by 26.8% during the 2nd quarter. Sage Mountain Advisors LLC now owns 2,463 shares of the business services provider’s stock worth $759,000 after acquiring an additional 521 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Automatic Data Processing by 1.2% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,025,726 shares of the business services provider’s stock worth $316,334,000 after acquiring an additional 11,986 shares in the last quarter. 80.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on ADP shares. UBS Group decreased their price target on shares of Automatic Data Processing from $315.00 to $290.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 17th. Stifel Nicolaus raised their price target on shares of Automatic Data Processing from $305.00 to $318.00 and gave the company a “hold” rating in a research note on Thursday, July 31st. BMO Capital Markets raised shares of Automatic Data Processing to a “hold” rating and set a $340.00 price target on the stock in a research note on Thursday, July 10th. Dbs Bank raised shares of Automatic Data Processing to a “hold” rating in a research note on Thursday, August 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Automatic Data Processing in a research note on Friday. Three research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $313.17.

Automatic Data Processing Trading Down 0.2%

ADP opened at $280.94 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.05 and a quick ratio of 1.05. The company’s 50 day simple moving average is $293.36 and its two-hundred day simple moving average is $302.22. Automatic Data Processing, Inc. has a 1-year low of $272.62 and a 1-year high of $329.93. The firm has a market capitalization of $113.81 billion, a price-to-earnings ratio of 28.15, a price-to-earnings-growth ratio of 2.57 and a beta of 0.82.

Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Wednesday, July 30th. The business services provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.03. Automatic Data Processing had a net margin of 19.84% and a return on equity of 72.84%. The business had revenue of $5.13 billion for the quarter, compared to analyst estimates of $5.05 billion. During the same period last year, the company posted $2.09 EPS. The business’s revenue was up 6.3% on a year-over-year basis. Automatic Data Processing has set its FY 2026 guidance at 10.811-11.011 EPS. Analysts expect that Automatic Data Processing, Inc. will post 9.93 EPS for the current fiscal year.

Automatic Data Processing Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th were given a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 12th. Automatic Data Processing’s payout ratio is presently 61.72%.

Insider Activity

In other news, VP Michael A. Bonarti sold 8,728 shares of Automatic Data Processing stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $298.43, for a total transaction of $2,604,697.04. Following the sale, the vice president owned 80,531 shares of the company’s stock, valued at approximately $24,032,866.33. The trade was a 9.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Joseph Desilva sold 4,614 shares of Automatic Data Processing stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $296.57, for a total transaction of $1,368,373.98. Following the sale, the vice president directly owned 17,536 shares in the company, valued at approximately $5,200,651.52. The trade was a 20.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 52,516 shares of company stock worth $15,632,410. 0.20% of the stock is owned by company insiders.

Automatic Data Processing Profile

Automatic Data Processing, Inc provides cloud-based human capital management solutions worldwide. It operates in two segments, Employer Services and Professional Employer Organization (PEO). The Employer Services segment offers strategic, cloud-based platforms, and human resources (HR) outsourcing solutions.